Fintech firm Finastra has named UNITAS as a strategic partner for its Kondor treasury solution in South Korea.

Finastra’s Kondor solution enables financial institutions in the country to trade high volumes of treasury while offering the flexibility to support more complex derivatives, options and structured trades.

The solution can be easily integrated with existing systems and applications, enabling simplification, lowering costs and creating a single source of truth – all while ensuring that the organization remains compliant.

“The combination of Finastra’s best-of-breed trading system with UNITAS’ local expertise and deep experience providing risk and compliance solutions to financial institutions,” the fintech says, “will enable more banks in the country to digitally transform and grow their business.

Richard Zhu, the fintech’s managing director for treasury and capital markets in Asia-Pacific, adds: “Working alongside UNITAS will enable us to bring an even more comprehensive offering to Korean financial institutions and help grow their businesses.”